Export für Ihre Literaturverwaltung

Übernahme per Copy & Paste
Bibtex-Export
Endnote-Export

       

Weiterempfehlen

Bookmark and Share


Monetary policy predictability in the Euro area: an international comparison

[Zeitschriftenartikel]

Zaghini, Andrea; Wilhelmsen, Bjørn-Roger

Zitationshinweis

Bitte beziehen Sie sich beim Zitieren dieses Dokumentes immer auf folgenden Persistent Identifier (PID):http://nbn-resolving.de/urn:nbn:de:0168-ssoar-250174

Weitere Angaben:
Abstract We evaluate the ability of market participants to anticipate monetary policy decisions in 14 countries. First, by looking at both magnitude and volatility of changes in the money market rates we show that the days of policy meetings are special days for financial markets. Second, we find that the predictability of FED, Bank of England and ECB is fully comparable. Finally, an econometric analysis of the ability of market participants to incorporate in the current short-term interest rates the expected policy changes shows that in the Euro area (and in other countries) policy decisions are anticipated well in advance.
Klassifikation Volkswirtschaftslehre; Wirtschaftspolitik
Freie Schlagwörter Monetary policy; Predictability; Money market rates
Sprache Dokument Englisch
Publikationsjahr 2010
Seitenangabe 25 S.
Zeitschriftentitel Applied Economics (2010)
DOI http://dx.doi.org/10.1080/00036840903299714
Status Postprint; begutachtet (peer reviewed)
Lizenz PEER Licence Agreement (applicable only to documents from PEER project)
top